The global laparoscopy devices market was valued at USD 7.5 billion in
2012 and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to
reach an estimated value of USD 12.3 billion by 2019.

The global laparoscopy devices market comprises of equipment such as
laparoscope, irrigation system, insufflation devices, trocars, sample
retrieval bag, wound protector, internal closure devices, gastric band,
hand-assist devices, and energy systems. The segments accounting for
large shares in the market include energy systems, trocars, internal
closure devices and laparoscope. Although the global market is
exhibiting healthy growth rate of 7.1% CAGR over the forecast period,
its growth is restrained by certain side effects of laparoscopic
procedures, risk of carbon dioxide emissions, and rapidly changing
technologies. Introduction of newer technologies will create need for
adaptive endoscope accessories. The introduction of innovative
techniques such as HD systems in diagnostic instruments, HD cameras and
HDTV three chip systems the demand for advanced endoscopy devices have
been triggered and this scenario will continue in future.

On the basis of applications, the global market for laparoscopy devices
is segmented into five major segments, namely, general surgery,
bariatric surgery, colorectal surgeries, urological and gynecological
surgeries. General surgery accounts for the largest share in the market
but the bariatric surgery is the fastest growing application segment
immediately followed by colorectal surgery application. The increasing
adoption of laparoscopic surgeries for colorectal cancer treatment is
due to smaller incisions compared to open colectomy which results into
faster recovery and less pain after surgery.